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    OFF-MARKET
    Commercial real estate

    5500 44Th St, Sioux Falls, SD 57106

    23,190 SF 1.19 ac lot Built 1990
    Property ID
    US79-0038800
    Property summary
    AI-generated overview

    This exceptional 24-unit apartment building presents a compelling investment opportunity in Sioux Falls, South Dakota. Situated on a 1.19-acre lot at 5500 W 44th St, zip code 57106, this three-story, 23,190 square foot building was constructed in 1990. The property boasts a mix of unit sizes to cater to diverse renter needs: six one-bedroom units ranging from 800 to 950 square feet, and eighteen two-bedroom units ranging from 1,000 to 1,030 square feet. All units feature modern conveniences including dishwashers, microwaves, ovens, and refrigerators. One-bedroom units have wall unit central air, while other units have central air. Each unit also includes a spacious patio or balcony and walk-in closets. The building's prime location offers easy access to the Empire Mall (less than a mile away), Oscar Howe Elementary School, and Roosevelt High School. Tenants are responsible for electricity, while the owner covers heat, water, and garbage. Attached garages provide added convenience. This property offers ample natural light and spacious floor plans, making it an attractive option for renters. Financial details are available upon request. The asking price for this multifamily investment is $2,280,000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1990
    Total area 23,190 SF
    Lot 1.19 ac (51,836 SF)
    UPID US79-0038800
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Absolute Gutter Solutions Hardware & Home Improvement General Contractor
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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